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Podcast: Financial Survival Network
Episode: The Bubble Pops in Slow Motion - Recession Begins - John Rubino #6347
Description: Kerry Lutz and John Rubino break down the cracks appearing in the economy — and they aren't small. Layoffs are rising, consumer debt is hitting record highs, and defaults are climbing. Even cardboard box demand is falling, a subtle signal that spending is slowing. Petroleum consumption is down, partially due to the rise of electric vehicles, which is also impacting jobs in energy sectors. Car prices remain sky-high, leaving many buyers on the sidelines. Across the board, the economy is showing stress. In Las Vegas, the focus on wealthy visitors has inflated prices for everyday services, leaving the city emptier than yo...